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Financial Bubbles Expert: Crypto a Bubble Like No Other or a Ponzi Scheme. Is He Right?
10.1.2023
Some financial experts with a specialty in bubbles believe crypto is either one of the biggest bubbles in history or a smart Ponzi scheme not seen before.
2022 can be considered one of the worst years for the crypto ecosystem as a number of high-profile DeFi and CeFi platforms collapsed. Among...
SEC Charges Team Behind Coindeal Crypto Fraud That Promised 500,000 Times Investment Returns
7.1.2023
The U.S. Securities and Exchange Commission (SEC) has charged the team behind Coindeal, a $45 million fraudulent crypto investment scheme. The regulator explained that the defendants falsely claimed that Coindeal “would generate investment returns of more than 500,000 times...
Two More Promoters of Forcount Crypto Ponzi Scheme Arrested, Charged With Fraud
6.1.2023
Two additional promoters of the Forcount Ponzi scheme – a Brazil-based crypto scam that defrauded Spanish-speaking investors around the world of a collective $8.4 million – have been arrested and charged with fraud for their role in the alleged grift
Today in Crypto: Crypto Hackers & Fraudsters Stole $1.62 Billion in Q4 Alone, Silvergate Cuts 40% of Workforce, US SEC Brings Charges in CoinDeal Investment Scheme
5.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Crypto Hackers & Fraudsters Stole $1.62 Billion in Q4 Alone, Silvergate Cuts 40% of Workforce, US...
No, Advisors, Crypto Is Not a Ponzi Scheme
29.12.2022
While the FTX debacle has many Ponzi-like characteristics, most cryptocurrencies do not resemble the infamous schemes
Executives from $1.5B South Korean crypto exchange fraud jailed
28.12.2022
The latest court action now takes the number of V Global execs behind bars up to seven, as the CEO, known as Mr. Lee was previously sentenced to a 22 year prison term
North Korean hackers are pretending to be crypto VCs in new phishing scheme: Kaspersky
27.12.2022
State-sponsored Lazarus Group and associated hackers have had a busy year, and 2023 may see even more activity, the cybersecurity lab warned
Craig Wright calls XRP a Pump-and-Dump Scheme, Ripple CTO responds
27.12.2022
Twitter witnessed its latest feud revolving around cryptocurrency recently. It all started with Craig Wright, the self-proclaimed creator of Bitcoin, stating that institutional investors cannot adopt BTC unless it recovers under a legal order. The statement did not bode well with David Schwartz...
Italy and Albania Bust €15 Million Crypto Investment Scam
23.12.2022
Authorities in Italy and Albania have hit a fraud scheme enticing victims with promises of low-risk investments in cryptocurrencies. During an operation coordinated by Eurojust, investigators from the two countries searched a dozen locations and seized assets and computer equipment. Fraudsters...
$4B OneCoin scam co-founder pleads guilty, faces 60 years jail
19.12.2022
The co-founder of the fraudulent scheme is set to be sentenced in April 2023 on charges relating to wire fraud and money laundering
Onecoin Co-Founder Pleads Guilty to Fraud Charges in US
18.12.2022
Karl Sebastian Greenwood, a co-founder and operator of Onecoin, has pled guilty to his part in building the notorious crypto pyramid. The fake cryptocurrency’s “global master distributor” has been in custody since 2018 when he was arrested in Thailand and extradited to the United States....
Crypto Markets Today: Co-Founder of OneCoin Pyramid Scheme Pleads Guilty; CoinDesk Market Index Drops
16.12.2022
Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets
Co-founder of OneCoin Pyramid Scheme Pleads Guilty, ‘CryptoQueen’ Still Wanted
16.12.2022
One of the founders behind OneCoin pleaded guilty to federal U.S. charges on Friday after one of the largest financial scams of all time, according to the Department of Justice. The purported cryptocurrency project was fraudulent from its 2014 beginnings, prosecutors said, with OneCoin – co-founded...
Charges laid over alleged ‘crypto mining’ Ponzis that netted $8.4M
16.12.2022
Various creators and promotors of two allegedly fraudulent crypto companies are facing a litany of charges that could land them 20 years in jail
SEC sues Atlas Trading for $100M stock manipulation scheme
14.12.2022
Eight individuals promoted deceptive demand for stocks via Twitter, Discord and YouTube to sell their shares at a high point
Another Member of Russian Crypto Pyramid Finiko Arrested in UAE
11.12.2022
Law enforcement authorities in the United Arab Emirates have detained a top Finiko representative, sought for his role in the crypto Ponzi scheme which defrauded thousands of investors around the world. This is the second arrest in the Gulf state of a high-ranking member of the pyramid announced...
Talks of Issuing a New FTT Token Fuel Coin’s Price Despite FTT’s Broken Tokenomics Scheme
10.12.2022
Roughly 29 days ago FTX filed for bankruptcy, and the crypto ecosystem has been dealing with a rollercoaster ride of market fluctuations and community drama ever since then. Moreover, the now-bankrupt crypto trading platform’s exchange token FTT is still trading above $1 per unit, and it managed...
Bieber, Madonna Among Dozens of Celebs Named in Lawsuit Alleging Yuga Labs NFT 'Scheme'
9.12.2022
The suit claims that celebrity endorsements of Bored Ape Yacht Club NFTs and ApeCoin tokens resulted in financial loss for investors. Yuga Labs called the allegations ""opportunistic and parasitic."
Leader of Suspected Russian Ponzi Scheme Is Arrested in UAE: Report
8.12.2022
Edvard Sabirov's arrest leaves just one of the four known leaders of Finiko at large
North Korean Lazarus Group Linked to New Cryptocurrency Hacking Scheme
5.12.2022
The Lazarus group, a North Korean hacking organization previously linked to criminal activity, has been connected to a new attack scheme to breach systems and steal cryptocurrency from third parties. The campaign, which uses a modified version of an already existing malware product called...